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Local Tech Wire
ATLANTA – Startup , which touts itself as the “Wikipedia for words,” has closed on its first venture financing, according to a filing with the Securities and Exchange Commission.
Woodster but plans to raise $1.25 million, according to the filing.
Of the initial amount, $182,000 will go to the company founders as reimbursement for expenses incurred in launching the company and salaries through 2009, the filing said.
Wordster will offer word definitions based on semantics, or context. It plans to launch in November.
Anindya Datta, founder of Woodster, launched Chutnet Technologies, which Cisco acquired in 2005.
Datta that the idea for Wordster came during a discussion with his daughter about the meaning of a word in a C.S. Lewis book. Datta said an Internet search revealed several meanings and he realize there was not a technology offering definitions based on semantic reference.